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our taxes are just too low. we need higher taxes on wealthier people. >> we need jobs. >> there's not going to be a shortage of capital, there's plenty of capital, it's just awash in capital and that's not the problem. >> our problem is not-- is not that taxes are too low, they're not. because if they were lower we'd get more jobs and more revenue, that's exactly what we need, ben, let me tell you something, you raise taxes we're going back-- >> absolutely. i couldn't agree with that more. and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what-- >> you know what, we'll have double dip recession. >> we may be going
our taxes are just too low. we need higher taxes on wealthier people. >> we need jobs. >> there's not going to be a shortage of capital, there's plenty of capital, it's just awash in capital and that's not the problem. >> our problem is not-- is not that taxes are too low, they're not. because if they were lower we'd get more jobs and more revenue, that's exactly what we need, ben, let me tell you something, you raise taxes we're going back-- >> absolutely. i couldn't...
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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5% in the red, that's right. neil: if you hear mitt romney saying i'm going to essentially get off your back, going to roll back regulations. he was not specific which, make sure the government cools it on taxes, didn't say to the degree of what allowances and writeoffs and deductions he limits, were you either troubled by the fact it might be a wash? that you, for example, in your case for your catering business, you might see, butch, no tax savings at all, but you might have a lower rate, but can't deduct as much. >> that will kill us. without disposable income for me to spend or gr
payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5%...
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i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ ç gerri: the mill powerhouse giving birth to her first child. she took the helm. see is also making headlines for another reason. this story and others suggesti
i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it...
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your taxes are going to go up. this is something the romney campaign said over and again is not true but he doesn't go out and vociferously prove that is not true. >> exactly. it shouldn't even be the discussion at this point. the discussion should be that he is not going to permit president obama to raise taxes. he is not going to permit president obama to continue to swell the scale of government and, crush generations of unborn americans. that should be his focus. instead he is talking about tax expenditures and how to close loopholes and broadening marginal tax rates while reducing them. a lot of people are going, what the hell is he talking about? and in fact he needs to get focused now. melissa: here's my question because you're not the only one saying this. >> i know that. i know that. i hate it when i'm not original. melissa: maybe you said it first. >> no, i didn't. >> so is no one saying this to the romney campaign? are they just not hearing it? where is the diskoshth because it is obvious to all of us ou
your taxes are going to go up. this is something the romney campaign said over and again is not true but he doesn't go out and vociferously prove that is not true. >> exactly. it shouldn't even be the discussion at this point. the discussion should be that he is not going to permit president obama to raise taxes. he is not going to permit president obama to continue to swell the scale of government and, crush generations of unborn americans. that should be his focus. instead he is talking...
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the third voice, hey, let's eliminate income tax, corporate tax. let's abolish the irs. let's replace all of that with a one federal consumption tax. i am embracing the fair tax, which think is really the answer to american jobs, in a 0 corporate tax rate environment. i say the private sector creates tens of millions of jobs. melissa: we know what you would bring to the table. can you handicap for us what you think the other two guys are going to do tomorrow night? who has got the strength? who has got the weakness? how will it come out? >> let me offer a prediction. either one of them get elected,e are going to find ourselves with a heightened police state. we're going to find ourselves in a state of continued military intervention that has resulted in hundreds of millions of enemies to this country that but for those military interventions would otherwise not exist. and that we find ourselves in a continued state of spending, and debt that are absolutely not sustainable. my prediction. melissa: we know that from polls that you trail both candidates by a pretty wide mar
the third voice, hey, let's eliminate income tax, corporate tax. let's abolish the irs. let's replace all of that with a one federal consumption tax. i am embracing the fair tax, which think is really the answer to american jobs, in a 0 corporate tax rate environment. i say the private sector creates tens of millions of jobs. melissa: we know what you would bring to the table. can you handicap for us what you think the other two guys are going to do tomorrow night? who has got the strength? who...
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i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an american ambassador and three others dead, likely at the hans of terrorists. it is to the rest of conflict is higher now than when the president took office. gerri: does he have that rigt? >> i think he absolutely does. i have been waiting 25 years for the speech. romney david. he was channeling reagan, harkening back to the notion that america uses our economic power to influence events in the world. use our economic power as a weapon. shutting down their economy. using the american military, not to use it, but to have it there to prevent it have to be used for
i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an...
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the tax policy center says all that means is tax cuts of $480 billion in the year 2015. the obama campaign will divide that by ten and there is a $5 trillion tax cut figure over the next decade the president repeatedly cited during the debate. that is misleading. romney says he raises the full cost. he raises money elsewhere. personal exemptions and healthcare provision -- congress could presume economic growth from lower tax rates need more tax revenues to the treasury. economic growth means romney's plan works. >> it grows the economy so much. about 7.4% in the long run. over ten years. this revenue problem becomes much smaller. >> others like the tax policy center and the congressional budget office do not use overall economic growth as official ways to pay for lower tax rates. mcbride says it is somewhat ridiculous not to do so. there will be some growth from doing it. back to you. melissa: rich, that is so interesting that you got him to quantify the kind of growth we could see with that 7.4%. that is a part of the conversations that get really tough. >> a romney a
the tax policy center says all that means is tax cuts of $480 billion in the year 2015. the obama campaign will divide that by ten and there is a $5 trillion tax cut figure over the next decade the president repeatedly cited during the debate. that is misleading. romney says he raises the full cost. he raises money elsewhere. personal exemptions and healthcare provision -- congress could presume economic growth from lower tax rates need more tax revenues to the treasury. economic growth means...
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what romney is proposing is lowering tax rates, getting people back to work to generate tax revenues. he never said that taxes on the rich would make up for the deficit. president obama kept saying that. obviously he did not get how that works. tracy: listen to the sound bite from last night, mitt romney talking about the off shoring of businesses and tax businesses. >> to get a deduction for taking a plant overseas? i have been in business 25 years. i have no idea what you are talking about. i maybe need to get a new accountant, but the idea you get a break for sending jobs overseas is simply not the case. tracy: christian, was governor romney right on that point? >> no, he was actually wrong. earnings that do not subject to income tax money that is held offshore in effect incentivizing companies to have offshore jobs and keep the money outside the united states. i don't know where the governor was confused, but actually that is something that is a part of the tax code, he is wrong about that. tracy: there is no off shoring tax. you shut down a plant, fair enough, but no break for mo
what romney is proposing is lowering tax rates, getting people back to work to generate tax revenues. he never said that taxes on the rich would make up for the deficit. president obama kept saying that. obviously he did not get how that works. tracy: listen to the sound bite from last night, mitt romney talking about the off shoring of businesses and tax businesses. >> to get a deduction for taking a plant overseas? i have been in business 25 years. i have no idea what you are talking...
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greek people handing over children to the tax check are to. no tax breaks. take my kids. symbol of how frustrated they are. ashley: all the mothers came into the office. was given the child, if you will do away with tax breaks for large families you raise this child. lori: unbelievable turn in this story. ashley: that is typical greece. >> i didn't know they had quite a sense of humor. i think it is funny. ashley: thank you very much, ladies. tracy: here to the greeks. ashley: lori said we wouldn't hand over her dogs. tracy: but the kids, take them. ashley: i'm ashley webster. stocks well off session highs. oil tumbling to below 96 bucks a barrel on new concerns about china. we're tracking all of the market moves this hour. tracy: a new startup wants to become the aaa of health care. care planners cofounder tells us how it works. he's ahead. ashley: regulation nation. the ceo of carl's jr and hardee's parent, cke, says taxes and health care are hurting his ability to do business. he is here and will be our special guest ahead. tracy: he has been pretty outspoken spoken ab
greek people handing over children to the tax check are to. no tax breaks. take my kids. symbol of how frustrated they are. ashley: all the mothers came into the office. was given the child, if you will do away with tax breaks for large families you raise this child. lori: unbelievable turn in this story. ashley: that is typical greece. >> i didn't know they had quite a sense of humor. i think it is funny. ashley: thank you very much, ladies. tracy: here to the greeks. ashley: lori said...
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talking about eliminating things too, like the estate tax and alternative minimum tax. that's a huge revenue raiser, that amt how will he get away with that? >> well, certainly a lot comes down to two factors in order to pay for it, one is, you have to look at it from the economic growth side. when we look at the economic benefits of cutting taxes across the board you really end up losing only about half of what you would if you look at it simply on a static basis. that means we have to do a lot less base broadening and a lot less loophole cutting than we normally would. that helps reduce the overall cost to the plan substantially. and makes it a lot less difficult to do these sort of measures to cut the costs. tracy: so the assumption is that the growth created will pay for the losses, will cover a piece of the loss of revenue, right. >> yes, that's correct. not all but some. tracy: okay. and then we also hear though he will cap some big tax breaks. do we know what breaks he is talking about? >> no. he has been obviously, very elusive about that. why not? why get into
talking about eliminating things too, like the estate tax and alternative minimum tax. that's a huge revenue raiser, that amt how will he get away with that? >> well, certainly a lot comes down to two factors in order to pay for it, one is, you have to look at it from the economic growth side. when we look at the economic benefits of cutting taxes across the board you really end up losing only about half of what you would if you look at it simply on a static basis. that means we have to...
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california taxes and regulations. it is not good. liz: i know fox news has been there. that one in beverly hills, forget about it did it is probably six dollars for full service. we have reactions from motorists at the pump. >> we are not that far from beverly hills did we did not go to beverly hills because that is the obvious choice. maybe get away to a little more blue-collar area. not far from your hometown. we are talking about gas prices $4.99 for regular unleaded. if you go down the road a couple of blocks .the prices there are $5.29. the second problem is you have california stricter standards of gas. the governor has just signed on to change to the winter standard. this third reason is a number of refineries that are down. that has caused the problem with supply which is caused prices to go up which is bad people who drive cars here in california which is just about everybody not to happy. >> it takes forever to get the prices back down again. it is pretty ridiculous. select $10 gas won't even get me a quarter of a tank. it is really out of control. >> i ride m
california taxes and regulations. it is not good. liz: i know fox news has been there. that one in beverly hills, forget about it did it is probably six dollars for full service. we have reactions from motorists at the pump. >> we are not that far from beverly hills did we did not go to beverly hills because that is the obvious choice. maybe get away to a little more blue-collar area. not far from your hometown. we are talking about gas prices $4.99 for regular unleaded. if you go down...
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adam, we're talking about a readmission tax talking about hospitals. >> yeah, this is a part of obamacare, it starts as of today. centers for medicare and medicaid services as of today going forward infiscal year 2013, about two-thirds of all the hospitals who have patients that rely on medicare for their services are going to get a fine of some sort, and it could be as high as 1% of medicare funds that they receive depending on the number of patients who are readmitted to the hospital for these procedures; heart failure, heart attack and pneumonia. now, there's a 30-day window. if a patient is readmitted within that 30-day period and the rate of readmissions at any particular hospital is greater than the national average -- ashley: right, right. >> constantly fluctuating, then you could see this fine up to 1% this year, 2% next fiscal year, 2014, 3% in 2015. going to save about $290 million according to centers for medicare and medicaid services this year -- ashley: this is like penalizing hospitals who are being readmitted too soon -- >> above the national average. now, the hospitals ar
adam, we're talking about a readmission tax talking about hospitals. >> yeah, this is a part of obamacare, it starts as of today. centers for medicare and medicaid services as of today going forward infiscal year 2013, about two-thirds of all the hospitals who have patients that rely on medicare for their services are going to get a fine of some sort, and it could be as high as 1% of medicare funds that they receive depending on the number of patients who are readmitted to the hospital...
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if taxes are increased and the government cuts down spending that is deflationary. if they don't do it and people don't have money the government will continue to spend and that means the debt which is projected by the budget office in the united states by 2020 will rise to $25 trillion. but the borrowing cost on the government that because the rest of the world is going to hell and people are terrified borrowing costs are cheaper than it has ever been. what is going to happen in my prediction is the u.s. will be downgraded on the debt because nothing is being done. the debt is 105 and went for the downgrade and interest rates were lower than in the meltdown of 2008. the problem with the bears is a they are going to be right sunday but have been wrong since the dow was at 6800 in march of 2009. >> who cares about the debt? the fiscal cliff is a non event. if the republicans get in they will keep taxes low in exchange for raising the debt ceiling. of democrats get in they will do the opposite so we will have low taxes and raise the debt ceiling it and who cares? we w
if taxes are increased and the government cuts down spending that is deflationary. if they don't do it and people don't have money the government will continue to spend and that means the debt which is projected by the budget office in the united states by 2020 will rise to $25 trillion. but the borrowing cost on the government that because the rest of the world is going to hell and people are terrified borrowing costs are cheaper than it has ever been. what is going to happen in my prediction...
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a lot of tax got downgraded today. i also wanted to take a look at a long-term chart of the dow versus the s&p 500 over five years. five years ago, the dow and s&p 500 actually hit the record. the dow closed up 14,164. a lot of the bulls out there would like to see that right now. the s&p closed at 1545. the dow is down 4% from that peak in the s&p down about 7%. as far as the major market averages, business sentiment from small businesses. it fell for the fourth time in five months since september. some of the analysts calls that we have seen on the tech stock, including ibm, hewlett-packard, dell, most of them were downgraded. some of the tech names coming under pressure today. back to you. tracy: thank you. a new reading on american small business sentiment. raising new fears about recession. elizabeth macdonald here with. >> bottom line. >> they should sit up and take notice. it is a confidence index. basically since 1980, firms less than five years old, created all net new jobs in this country. here is dan danner.
a lot of tax got downgraded today. i also wanted to take a look at a long-term chart of the dow versus the s&p 500 over five years. five years ago, the dow and s&p 500 actually hit the record. the dow closed up 14,164. a lot of the bulls out there would like to see that right now. the s&p closed at 1545. the dow is down 4% from that peak in the s&p down about 7%. as far as the major market averages, business sentiment from small businesses. it fell for the fourth time in five...
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for a tax cut. connell: peter barnes has all his marbles in d.c. today. thanks. dagen: not really. we love you. they're not quite all there. connell: that's not right. you should be the one to talk. dagen: that's why i said that. peter, we do love you. it says connell read. connell: i love that name, two ns and two ls. the protesters are out in greece today over all the cutbacks in the government. they don't like merkel and everything else. we will bring you the latest from greece. dagen: back here at home, the keystone pipeline is back in the national spotlight thanks to the romney campaign. cheaper fuel, more jobs, are all in place here. take a look at today's winners on the s&p 500: dagen: cheaper energy and more jobs, the romney ryan camp putting the keystone pipeline back in the national spotlight. we track all of our money that is going to the solar panel industry in china. and that ominous dark cloud hanging overhead, not connell, was expected to be a lousy season for quarterly earnings. some
for a tax cut. connell: peter barnes has all his marbles in d.c. today. thanks. dagen: not really. we love you. they're not quite all there. connell: that's not right. you should be the one to talk. dagen: that's why i said that. peter, we do love you. it says connell read. connell: i love that name, two ns and two ls. the protesters are out in greece today over all the cutbacks in the government. they don't like merkel and everything else. we will bring you the latest from greece. dagen: back...
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del reading from citigroup on your tax stocks is not a good day. hewlett-packard was initiated, the price target of $13.50. still has room to go to the downside and initiated with a cell and citigroup and the price target $8.50 so that would be another dollar lower than where it is and then there is in tel downgrading, bernstein downgraded to underperform from a market performer and also the new price target, $26 from $32. still higher from where it is but the attack is the group waiting today. the nasdaq composite down 1.3%. liz: i am wearing silver hoops to night, not gold. it has been a wild ride. gold is up more than 450% over the past ten years. an incredible performer. gold has extended losses into a third day and these trends are indicators of -- let's ask my next guest who thinks the bubble is ready to burst. he says gold will sink on your screen to $700 in five years. jacobs is the director -- 1,066 right now. he is director and chief investment strategist at chartres profit capital. on the gold bugs all over you? >> when you make a predic
del reading from citigroup on your tax stocks is not a good day. hewlett-packard was initiated, the price target of $13.50. still has room to go to the downside and initiated with a cell and citigroup and the price target $8.50 so that would be another dollar lower than where it is and then there is in tel downgrading, bernstein downgraded to underperform from a market performer and also the new price target, $26 from $32. still higher from where it is but the attack is the group waiting today....
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now the infamous rashes about the 47% who don't pay income taxes in the u.s. and that surreptitiously obtained video from several weeks back at a florida fund-raiser. the 47% is sure to come up. when he arrived last night at denver mr. romney did an interview with local affiliate, local fox station as a matter of fact and they asked him about it. here is how mr. romney intends to sort of deal with that issue of the 47%. >> they want to know is, will he get jobs for the american people and get rising incomes and i'm a president for 100% of the american people. that is the real percent people care about. not 99 versus one. not 47 versus anyone else. i will be a president for 100% of the people and i demonstrated that throughout my life. >> it will be the biggest audience mitt romney ever had. 50 or 60 million. he would quibble when he was president of the olympics in 2002 over a billion watched worldwide. first of three presidential debates. romney said it is not just one but many could posit of last five weeks remaining before now and the election. melissa: cam
now the infamous rashes about the 47% who don't pay income taxes in the u.s. and that surreptitiously obtained video from several weeks back at a florida fund-raiser. the 47% is sure to come up. when he arrived last night at denver mr. romney did an interview with local affiliate, local fox station as a matter of fact and they asked him about it. here is how mr. romney intends to sort of deal with that issue of the 47%. >> they want to know is, will he get jobs for the american people and...